Third Financial Software, a London-based technology company that delivers software and services solutions to wealth managers, has acquired exclusive intellectual property rights to a financial compliance technology. The technology, which has been integrated into Tercero, Third Financial Software’s wealth management platform, gives wealth managers a solution for their compliance, risk and portfolio monitoring needs. Tercero Alerts is already being implemented at Third Financial Software’s early adopters and advisory clients. “The increased demand for transparency and greater scrutiny from investors, internal management and external regulatory bodies has placed pressure on asset managers to improve their compliance controls,” said Stewart Foster, director and founder, Third Financial Software. “Using rules-based technology, Tercero Alerts identifies and automatically reacts to breaches. Rules are completely user-driven and can be set to monitor investment restrictions, risk exposures, trading breaches and virtually any other user-defined rules. It is particularly strong on controls demanded by regulatory bodies,” he said. The product also aims to handle calls for wealth managers to prove they are accurately monitoring client investment rules and employing sound compliance and risk practices. Through a set of revolutionary graphical "gadgets" on the desktop, compliance officers, executives and managers are provided with tools to monitor risk, positions, portfolios, trades and allocations.